MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXD) Trading Down 9.1% – Here’s What Happened

MicroSectors Gold Miners -3x Inverse Leveraged ETN (NYSEARCA:GDXDGet Free Report)’s share price was down 9.1% during mid-day trading on Thursday . The company traded as low as $46.48 and last traded at $46.6020. 135,252 shares traded hands during trading, a decline of 87% from the average session volume of 1,023,960 shares. The stock had previously closed at $51.24.

MicroSectors Gold Miners -3x Inverse Leveraged ETN Stock Down 10.1%

The company’s 50 day moving average price is $46.45 and its 200 day moving average price is $42.89. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 12.32 and a beta of -2.15.

About MicroSectors Gold Miners -3x Inverse Leveraged ETN

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The MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) is an exchange-traded fund that is based on the S-Network MicroSectors Gold Miners index. The fund provides 3x daily inverse leveraged exposure to a market-cap weighted index comprised of two gold miners ETFs. GDXD was launched on Dec 7, 2020 and is issued by REX Microsectors.

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